Tax Litigation
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Budget 2023: Widen Tax Base, Do Away With Cess, Surcharges, Say Experts
Poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation,Think Change Forum (TCF), a think tank said.
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"Habitual Litigant": India Says Pernod Halting $244 Million Tax Demand Probe
Indian authorities have asked a court to quash Pernod Ricard's bid to halt proceedings related to a $244 million tax demand, accusing the French spirit giant of being a "habitual litigant".
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Budget 2022: ICAI Seeks Tax, Accounting Reforms
ICAI has sought about 14 tax and accounting reforms in the upcoming union budget, aimed at making laws simple, fair and less litigative
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Government To Refund Rs 7,900 Crore Retro Tax To Cairn, Firm To Withdraw Cases
About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.
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Rs 95,000-Crore Disputed Amount Settled Under Vivad Se Vishwas: PC Mody
The entities who opt for the scheme have to pay a requisite tax following which all litigation against them are closed by the tax department and penal proceedings dropped.
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Finance Minister Introduces Direct Tax Vivad Se Vishwas Bill In Lok Sabha
Giving the rationale behind the scheme, Ms Sitharaman said it will reduce the litigation expenditure for the government and at the same may help in generating some revenue. Opposing the introduction of the bill, Congress leader Adhir Ranjan Chowdhury said the bill's name is drafted in Hindi and the government is trying to impose one specific lan...
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Opinion: Expect Alignment Of Income Tax Act With Task Force Recommendations
In order to curb litigations, one of the suggestions of the task force was to introduce the concept of mediation under the Income Tax Act.
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Tax Offences, Failure To Furnish Return Of Income Not To Be Prosecuted In Court: Tax Body
The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings.
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Government Failed To Stop Tax Terrorism: Mohandas Pai To NDTV
The issue of entrepreneurs facing tax terrorism - raised first by Cafe Coffee Day promoter VG Siddharth before his death - has now been reinforced by former Infosys director Mohandas Pai and Biocon chief Kiran Mazumdar Shaw.
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Tax Officials Told To Clear Appeals In Cases Above 50 Crores By Year-End
Faced with litigation that has assumed "grave proportions", the Central Board of Direct Taxes (CBDT) has directed tax officials to dispose of appeals cases where the tax demand is above Rs 50 crore on priority by the year-end.
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In Relief For Taxpayers, Centre Ups Limit For Filing Appeals In Tax Cases
With about Rs 5 lakh crore stuck in litigations, the government has decided to hike the threshold monetary limit for tax department to file appeals in tribunals and courts to bring down litigation by 41 per cent, Finance Minister Piyush Goyal said today.
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Opinion: Time To Relook At ICDS Provisions
If the treatment suggested by the ICDSs is incorporated in the Income Tax Act, it would certainly help the department in reducing the repetitive litigations on various matters.
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20 High Court Judges, Top Tax Officials Brainstorm On GST
With the Goods and Services Tax in place, 20 judges from 12 high courts brainstormed with experts and top government officials on identifying grey areas in the new regime that may throw up litigations in coming days.
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Income Tax Fast Tracks Disposal Of High Value Litigations
As on April 1, there were 1,390 appeals involving demands of Rs 50 crore and above, aggregating to Rs 4.26 lakh crore.
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CBDT Moots Special Plan To Dispose Off 3 Lakh Pending Cases
The Board has expressed serious concerns over the "rising" cases of litigation in the department, which it said has "assumed grave proportions".
-
Budget 2023: Widen Tax Base, Do Away With Cess, Surcharges, Say Experts
Poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation,Think Change Forum (TCF), a think tank said.
-
"Habitual Litigant": India Says Pernod Halting $244 Million Tax Demand Probe
Indian authorities have asked a court to quash Pernod Ricard's bid to halt proceedings related to a $244 million tax demand, accusing the French spirit giant of being a "habitual litigant".
-
Budget 2022: ICAI Seeks Tax, Accounting Reforms
ICAI has sought about 14 tax and accounting reforms in the upcoming union budget, aimed at making laws simple, fair and less litigative
-
Government To Refund Rs 7,900 Crore Retro Tax To Cairn, Firm To Withdraw Cases
About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.
-
Rs 95,000-Crore Disputed Amount Settled Under Vivad Se Vishwas: PC Mody
The entities who opt for the scheme have to pay a requisite tax following which all litigation against them are closed by the tax department and penal proceedings dropped.
-
Finance Minister Introduces Direct Tax Vivad Se Vishwas Bill In Lok Sabha
Giving the rationale behind the scheme, Ms Sitharaman said it will reduce the litigation expenditure for the government and at the same may help in generating some revenue. Opposing the introduction of the bill, Congress leader Adhir Ranjan Chowdhury said the bill's name is drafted in Hindi and the government is trying to impose one specific lan...
-
Opinion: Expect Alignment Of Income Tax Act With Task Force Recommendations
In order to curb litigations, one of the suggestions of the task force was to introduce the concept of mediation under the Income Tax Act.
-
Tax Offences, Failure To Furnish Return Of Income Not To Be Prosecuted In Court: Tax Body
The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings.
-
Government Failed To Stop Tax Terrorism: Mohandas Pai To NDTV
The issue of entrepreneurs facing tax terrorism - raised first by Cafe Coffee Day promoter VG Siddharth before his death - has now been reinforced by former Infosys director Mohandas Pai and Biocon chief Kiran Mazumdar Shaw.
-
Tax Officials Told To Clear Appeals In Cases Above 50 Crores By Year-End
Faced with litigation that has assumed "grave proportions", the Central Board of Direct Taxes (CBDT) has directed tax officials to dispose of appeals cases where the tax demand is above Rs 50 crore on priority by the year-end.
-
In Relief For Taxpayers, Centre Ups Limit For Filing Appeals In Tax Cases
With about Rs 5 lakh crore stuck in litigations, the government has decided to hike the threshold monetary limit for tax department to file appeals in tribunals and courts to bring down litigation by 41 per cent, Finance Minister Piyush Goyal said today.
-
Opinion: Time To Relook At ICDS Provisions
If the treatment suggested by the ICDSs is incorporated in the Income Tax Act, it would certainly help the department in reducing the repetitive litigations on various matters.
-
20 High Court Judges, Top Tax Officials Brainstorm On GST
With the Goods and Services Tax in place, 20 judges from 12 high courts brainstormed with experts and top government officials on identifying grey areas in the new regime that may throw up litigations in coming days.
-
Income Tax Fast Tracks Disposal Of High Value Litigations
As on April 1, there were 1,390 appeals involving demands of Rs 50 crore and above, aggregating to Rs 4.26 lakh crore.
-
CBDT Moots Special Plan To Dispose Off 3 Lakh Pending Cases
The Board has expressed serious concerns over the "rising" cases of litigation in the department, which it said has "assumed grave proportions".
